ORTHOPELT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ORTHOPELT
Largest movements
- Receivables within one year +€122,048
up €122,048 (+8.2%), from €1.5m to €1.6m
- Tangible fixed assets -€35,759
down €35,759 (-30.6%), from €116,990 to €81,231
of which Plant, machinery and equipment: -€35,759
- Other debts +€111,044
up €111,044 (+7.9%), from €1.4m to €1.5m
- Trade debts -€57,702
down €57,702 (-58.5%), from €98,600 to €40,898
- Tax, wage and social debts +€27,104
up €27,104 (+59.9%), from €45,236 to €72,340
of which Taxes: +€14,431
- Gross operating margin +€19,803
up €19,803 (+4.3%), from €461,563 to €481,366
- Staff costs +€15,287
up €15,287 (+3.6%), from €424,138 to €439,425
- Depreciation +€6,296
up €6,296 (+19.1%), from €32,924 to €39,220
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,636,145 | €1,722,334 | +€86,189 | +5.3% |
| Fixed assets | 21/28 | €116,990 | €81,231 | -€35,759 | -30.6% |
| Tangible fixed assets | 22/27 | €116,990 | €81,231 | -€35,759 | -30.6% |
| Plant, machinery and equipment | 23 | €116,990 | €81,231 | -€35,759 | -30.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €1,519,155 | €1,641,103 | +€121,948 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,481,401 | €1,603,449 | +€122,048 | +8.2% |
| Trade receivables | 40 | €1,481,401 | €1,603,449 | +€122,048 | +8.2% |
| Cash at bank and in hand | 54/58 | €35,365 | €34,382 | -€982 | -2.8% |
| Deferred charges and accrued income | 490/1 | €2,389 | €3,272 | +€883 | +36.9% |
| Total equity and liabilities | 10/49 | €1,636,145 | €1,722,334 | +€86,189 | +5.3% |
| Equity | 10/15 | €7,200 | €7,200 | = | 0.0% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Amounts payable | 17/49 | €1,628,945 | €1,715,134 | +€86,189 | +5.3% |
| Amounts payable within one year | 42/48 | €1,554,945 | €1,635,390 | +€80,445 | +5.2% |
| Trade debts | 44 | €98,600 | €40,898 | -€57,702 | -58.5% |
| Suppliers | 440/4 | €98,600 | €40,898 | -€57,702 | -58.5% |
| Taxes, remuneration and social security | 45 | €45,236 | €72,340 | +€27,104 | +59.9% |
| Taxes | 450/3 | - | €14,431 | +€14,431 | |
| Remuneration and social security | 454/9 | €45,236 | €57,909 | +€12,673 | +28.0% |
| Other amounts payable | 47/48 | €1,411,108 | €1,522,152 | +€111,044 | +7.9% |
| Accrued charges and deferred income | 492/3 | €74,000 | €79,743 | +€5,743 | +7.8% |
| Remuneration, social security and pensions | 62 | €424,138 | €439,425 | +€15,287 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,924 | €39,220 | +€6,296 | +19.1% |
| Other operating charges | 640/8 | €2,805 | €1,322 | -€1,483 | -52.9% |
| Non-recurring operating charges | 66A | €892 | €0 | -€892 | -100% |
| Gross operating margin | 9900 | €461,563 | €481,366 | +€19,803 | +4.3% |
| Operating profit (loss) | 9901 | €804 | €1,399 | +€595 | +73.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €804 | €656 | -€149 | -18.5% |
| Recurring financial charges | 65 | €804 | €656 | -€149 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | - | €744 | +€744 | |
| Income taxes | 67/77 | - | €744 | +€744 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.